Cryptocurrency Scholar: Going Long on Bitcoin at 4.26 is a Gamble; Smart People Wait for a Correction! Seven Consecutive Days of Gains vs. Top Divergence! Latest Market Analysis Reference
Current Bitcoin price is 95000, it is now 4 AM Beijing time, and this week's market is nearing its end, with only high-level consolidation remaining. There is a possibility of breaking previous highs consecutively, as our short position around 94500 has been stopped out; if wrong, we cut losses. We do not hold losing positions, we admit mistakes, and focus on survival before considering profits. For now, we will not enter the market, waiting for the consolidation to end or considering shorting after a stretch to a certain high level.
The daily candlestick chart shows a high of 95800 and a low of 92800, with a bullish trend continuing. The seven consecutive days of gains have directly pulled the EMA's major bearish trend indicator to the current bullish trend, with EMA15 even breaking through the medium to long-term trend at 88000, and the stretching is not over yet. It is expected to provide strong support around 90000 for the candlestick chart. MACD is continuously increasing in volume, and after the DIF and DEA broke the zero axis and stood at a high position, they are also starting to challenge the energy indicators. The Bollinger Bands are expanding upwards, and the candlestick chart is oscillating around the upper band at 95400, showing that the short-term bullish sentiment is much stronger than the bearish sentiment. However, due to being at a high level, we do not enter long positions in a bullish sentiment; chasing highs and cutting losses is the biggest taboo in trading.
The four-hour candlestick chart has broken the double top trend at 95000. The four-hour fast line is currently consolidating above 95000, and the EMA trend indicator remains unchanged with an upward expansion. The MACD's top divergence trend is gradually taking shape, and if the DIF and DEA contract at a high position and break 96000, it will form a golden cross trend. The Bollinger Bands are contracting at high levels, with the candlestick chart facing resistance at the upper band of 95400. The market has entered an extremely overbought condition in the short term, indicating that the main players may be pulling up to sell off. Everyone can pay attention to the candlestick chart; if there is a rapid upward stretch in the short term, it indicates that the main players are looking to sell off.
Short-term strategy reference: Safety first, small losses and large gains are the goal.
Northern trial entry point 91500 to 92000, with a stop-loss at 91000, loss limit of 500 points, target looking at 93500 to 94000, with a break looking at 94500.
Southern trial entry point 96500 to 97000, with a stop-loss at 97500, loss limit of 500 points, target looking at 93500 to 93000, with a break looking at 92000.
Specific operations should be based on real-time market data. For more details, you can consult the author. The article may be released with a delay; it is recommended for reference only, with risks borne by the reader. $BTC